2914 6th Ave Tacoma, WA 98406-6713

This exceptional investment opportunity presents a 5,619 square foot, 100% occupied retail storefront located at 2914 6th Avenue in Tacoma, Washington. The property, built in 1923 and renovated in 2006, boasts a strong net operating income (NOI) of $123,516, yielding a 6.00% cap rate. The asking price is $2,050,000. This single-story building sits on a prominent corner lot in a thriving retail area, conveniently located near the University of Puget Sound and other established businesses. The property features three tenants, all operating under triple-net (NNN) leases, ensuring minimal landlord responsibilities and a stable income stream. Two of the three tenants have occupied the space for over ten years, demonstrating long-term commitment and stability. The property is zoned NCX, Tacoma, and its location in the third-largest city in Washington State offers significant growth potential, with projections forecasting substantial population and job growth in the coming years. This is a rare opportunity to acquire a well-established, high-performing retail property in a dynamic and growing market. The property features a total of 5,619 square feet of net rentable space. The Pierce County Assessor's Parcel Number (APN) is 324500-2800. There is no ground lease associated with this property.